Rivian Vs. Lucid: EVs Forge Partnerships To Tackle Tesla

Benzinga
2025.08.05 15:32
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Rivian and Lucid are forming partnerships to compete with Tesla in the EV market. Lucid has partnered with Uber to deploy 20,000 autonomous SUVs by 2026, backed by a $300 million investment. Meanwhile, Rivian is expanding its delivery fleet with Amazon and has secured a $5.8 billion software joint venture with Volkswagen. Despite these efforts, both companies are still facing cash burn, while Tesla continues to dominate with over 400,000 vehicle deliveries last quarter and expanding its Supercharger network.